05/24/2024
Alliance Growers Corp. - UPDATE ON ALLIANCE PIVOT TO WEB3
May 21, 2024 – Vancouver, BC – Alliance Growers Corp. (Formerly listed on CSE: ACG; FWB:1LA; OTCPK: ALGWF) (“Alliance Growers”, “ACG” or “the Company") provides progress on reorganization
following the May 8, 2023, de-listing of the Company pursuant to the April 3, 2023, amendments to CSE Listing Policies.
Alliance Growers has been reviewing opportunities in the Web3 space and has identified a Web3 projectthat has the potential of attracting a massive global audience, also referred to as “The Community”, with its own cryptocurrency token (or tokens). We expect to attract a mass community of individuals who are
passionate about this particular content which can be stored and accessed on-chain. To achieve this, we will be working with experienced Web3 developers and programmers as well as seeking to recruit certain individuals for management and/or advisory capacities.
The platform will allow users to upload content and receive compensation in the form of Web3 Tokens that will be listed on the various crypto decentralized exchanges (DEX), like Uniswap as well as crypto centralized exchanges (CEX), like Coinbase at the appropriate time depending on the stage of the project.
The Community will be able to share content for a fee or no-charge. We will be designing a user-friendly interface for both experienced users of on-chain projects and for those with limited knowledge and experience in this area.
Two of the main advantages of utilizing the blockchain is transparency and on-chain also acts as a method to indirectly register ownership of their content. We are not “re-inventing the wheel”, so to speak, we will be developing the project by working with experienced developers to modify existing on-chain
technology. For now, we are keeping the project details confidential until such time we have finalized the White Paper, better known to most investors as the business plan. In cryptocurrency, a hitepaper
is a detailed document outlining a project's concept, technology, and potential benefits. It serves to provide investors and the community with crucial information about the cryptocurrency and its underlying technology. Whitepapers explain project objectives, Tokenomics, specifications, roadmap, and team, in order to help the user and/or investor the viability of the cryptocurrency.
Gaining experience from reviewing a great number of successful crypto projects and working with experienced Web3 professionals, we will develop fair and sustainable Tokenomics (structure), covering the following Key Elements:
• Total Supply and Circulating Supply - The token's total supply is the total number of existing tokens in the ecosystem.
• Distribution Mechanism. Presales, airdrops, unlocking tokens as the project progresses, other
• Token Utility and Use Cases.
• Token Allocation. – Percentages to community (majority), marketing, team, other
• Inflation/Deflation Model.
• Governance and Voting Rights.
• Economic and Financial Models.
• Regulatory Compliance.
Another advantage of pursuing a Web3 project is the availability of Venture Capital and similar financing specifically aimed at Web3 Projects. Alliance Growers will be seeking partners for funding,
development, and implementation.
Commenting on the pivot to Web3 opportunities, Dennis Petke, President and CEO of Alliance Growers stated, “We are confident that we will be successful in developing our Web3 project by attracting the right partners creating a project that has the potential to create revenue for its’ users (community) and
the investment partners as well along with the potential for gains when the tokens appreciate in value. We believe Web3 is the future and expect that we will be involved in more than one project over the next few years.”
While the project is under development, the Company will continue to work with auditors and regulatory bodies to achieve a new public listing in Canada and dual listings that fit the Web3 model.
About Alliance Growers Corp.
Alliance Growers is a Canadian company currently pursuing opportunities in the Web3 Space in order to list the company on a Canadian Stock Exchange to give the shareholders liquidity to maximize their investment.
The Company is in the process of updating its website and company profile with various entities.
For further information, please visit the Company’s profile at www.sedar.com or the CSE at https://thecse.com/listings/alliance-growers-corp/ .
If you would like to be added to Alliance Growers’ news and newsletter distribution list, please subscribe by sending an email to dennispetke@alliancegrowers.com
For more information contact:
Dennis Petke
CEO, President and Director
DennisPetke@alliancegrowers.com
FORWARD LOOKING INFORMATION
This news release/newsletter contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, the news release contains forward-looking statements and information relating to Company’s corporate strategy. The forward-looking statements and nformation are based on certain key expectations and assumptions made by management of the Company, including, without limitation, the Company’s ability to carry out its business plan. Although management of the Company believes that the expectations and
assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks
associated with the medical ma*****na industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance
on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
